Food and drink
Beyond Meat reports wider-than-expected loss, falling revenue
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as demand for its meat substitutes tumbled. CEO Ethan Brown called the results “disappointing” […]
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Tyson Foods CFO arrested for public intoxication, falling asleep in the wrong house
John Tyson mugshot Source: Washington County, Arkansas Tyson Foods CFO John Tyson was arrested early Sunday in Arkansas after allegedly becoming intoxicated and falling asleep in the wrong house. Tyson, 32, was charged with public intoxication and trespassing and booked in Washington County jail. Tyson Foods is headquartered in Springdale, Arkansas. A woman who did […]
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The new European vacation? Travelers are returning for trips that are all about food and wine
When Colin and Jenoa Matthes left their home state of Utah to embark on a world tour in 2019, they found themselves drawn to the food scenes in places like France and Italy. “We really loved, especially, the food in all of these different countries … and how local and specialized they were in different […]
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Workers at NYC Starbucks and Amazon Go store file petition to unionize
Amazon and Starbucks stop Union Busting sign, International Workers Day, United Against Union Busting March and Rally, Workers Circle, Amazon Labor Union, NY Immigration Coalition, Make the Road, NYC Central Labor Council, RWDSU and more community-based organizations, immigrant rights groups, unions, and allies, Union Square, New York City. Joan Slatkin | Universal Images Group | […]
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We’re exiting a drug stock for a nice gain and putting some of that money to work elsewhere
Traders work on the floor of the New York Stock Exchange (NYSE) on October 27, 2022 in New York City. Stocks continued their upward gains Thursday with the Dow rising nearly 400 points following a new GDP report that beat expectations. Spencer Platt | Getty Images Source
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Beer is on pace to lose its leading share of the U.S. alcohol market as spirits surge
Witthaya Prasongsin | Moment | Getty Images Beer is taking up less of the American booze market as beverage companies flood the market with buzzy new drink categories, including ready-to-drink cocktails. Even legacy beer companies have expanded outside of their staple beer products with innovations for spirits drinkers. Anheuser-Busch InBev, the world’s largest brewer, has […]
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Heineken careful as Europe’s beer ingesting starts off to slow
Heineken mentioned it has witnessed indications of slowdown in need for its beer in some European marketplaces immediately after its third-quarter gross sales rose by considerably less than expected. Image by Alex Tai/SOPA Pictures/LightRocket via Getty Photographs Heineken NV, the world’s 2nd-premier brewer, has noticed indicators of slowdown in demand for its beer in some […]
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Coca-Cola raises full-year outlook as earnings beat expectations
Coca-Cola on Tuesday raised its full-year outlook after beating Wall Street’s expectations for its quarterly earnings and revenue. The company also provided a look toward 2023, saying that it expects inflation to keep raising its expenses and commodity prices to stay volatile. Foreign currency is also projected to weigh on Coke’s earnings and revenue. However, […]
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Investment has been pouring into technology in the agriculture space. How to play it
Even before the coronavirus pandemic hit in 2020, the agriculture industry was dealing with a number of headwinds, from hurricanes and poor planning disrupting crop growth cycles to the impact of retaliatory tariffs slashing exports. When Covid hit, it highlighted existing issues and brought new ones, including supply and demand shocks to the food system […]
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Pink Bull co-founder Dietrich Mateschitz dies at 78
Pink Bull owner Dietrich Mateschitz celebrates with FC Crimson Bull Salzburg for the duration of the tipico Bundesliga match with SK Sturm Graz at the Pink Bull Arena on July 1, 2020 in Salzburg, Austria. David Geieregger | SEPA.Media| Getty Photographs Activity Austrian billionaire Dietrich Mateschitz, the co-founder of power consume company Pink Bull and […]
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